Q2 sales in local currencies and excluding the acquisition of Tele2 Norway have increased by nearly 2% yoy while the EBITDA decreased by 4% yoy. This is very slightly better than in Q1 and quite in line with our expectations. Remember that, like in Q1, the EBITDA decrease (excluding Tele2 Norway) is due to the slowdown in Eurasia (with intensified competition especially in Kazakhstan) where the EBITDA declined by 2.7% despite stable revenues (but this is not the end of the world as, in the ke
20 Jul 2015
A nice dividend from Turkcell in Q2
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A nice dividend from Turkcell in Q2
Telia Company AB (TELIA1:HEL) | 0 0 0.9% | Mkt Cap: 163,504m
- Published:
20 Jul 2015 -
Author:
Jean-Michel Salvador -
Pages:
2
Q2 sales in local currencies and excluding the acquisition of Tele2 Norway have increased by nearly 2% yoy while the EBITDA decreased by 4% yoy. This is very slightly better than in Q1 and quite in line with our expectations. Remember that, like in Q1, the EBITDA decrease (excluding Tele2 Norway) is due to the slowdown in Eurasia (with intensified competition especially in Kazakhstan) where the EBITDA declined by 2.7% despite stable revenues (but this is not the end of the world as, in the ke